Integrated Filing (Financial) for the second quarter and half year ended on 30th September, 2025
ASAHIINDIA · price
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Asahi India Glass reported Q2 FY26 standalone revenue from operations of Rs. 1,082 crore, broadly flat year-on-year, while net profit fell sharply to Rs. 47.5 crore from Rs. 92.7 crore in Q2 FY25, a decline of about 49%. For H1 FY26, standalone revenue grew modestly to Rs. 2,226 crore (up ~3.5%), but net profit dropped to Rs. 100.8 crore from Rs. 169.1 crore, down roughly 40%. The pressure on profits came mainly from nearly doubled finance costs (Rs. 57.8 crore vs Rs. 29.6 crore in Q2 FY25) and higher depreciation, suggesting costs from recent capacity expansion are weighing on margins. During the quarter, the company raised Rs. 1,000 crore through a Qualified Institutional Placement (QIP), boosting its cash balance to Rs. 883 crore. The auditor (VSSA & Associates) issued an unqualified review report, and CARE Ratings confirmed QIP proceeds are being used as per stated objects (debt repayment and general corporate purposes).
Near-term earnings are under pressure from higher interest and depreciation costs even as revenue holds steady, which may weigh on sentiment. However, the Rs. 1,000 crore QIP strengthens the balance sheet and supports future growth investments, which is a positive structural development for shareholders.